SBI Life Insurance has reported an impressive 39% growth in consolidated net profit in Q2 FY25 to Rs 529 crore from Rs 380 crore in the same quarter last year. This growth reflects the strong financial performance of the company in the competitive insurance market.
Despite the rise in profits, net premium income grew a marginal 1%, standing at ₹20,266 crore for the July-September 2024 period.
First year premium income witnessed a growth of 6%, rising to Rs 4,915 crore from Rs 4,633 crore in the previous year.
These results reflect SBI Life’s continued growth in the insurance sector, driven by strategic premium collection and strong customer retention.
